Nirmala Sitharaman On Inflation: If not inflation, then what is the government’s big priority! The finance minister revealed the secret

Inflation Is Not Red Letter Priority: Skyrocketing inflation has made it difficult for every family in the country to live. In such a situation, the government can be expected to curb inflation, but Finance Minister Nirmala Sitharaman has made a shocking statement. The finance minister said that inflationary pressure is not the biggest challenge. Rather, creating more jobs and achieving economic equity is the government’s top priority.

Inflation is not a ‘red letter’ priority  div>

Finance Minister while addressing US-India Business Council Ideas Summit (US-India Business Council Ideas Summit)  said some priorities are red letters, in which he said that jobs The creation of, Equitable Wealth Distribution i.e. economic equality and taking the country forward on the path of development is included in the priorities with red letters. He said that from that point of view, inflation is not included in the red letter priorities. He said that we have succeeded in controlling inflation in the last few months.

Let us tell you that the retail inflation rate has reached 7.79 percent in April 2022 when commodity prices started to skyrocket due to global factors. While in July it has come down to 6.71 percent. RBI had to increase the repo rate by 1.40 per cent to control the rise in inflation. So the government had to reduce the excise duty on petrol and diesel. Along with this, the government has banned the export of wheat, sugar and flour. So the government has reduced the import duty to bring down the price of edible oil.

India will attract investment 

Finance Minister said that two goals have been prioritized along with speeding up the pace of development. The Finance Minister said that the government will review how to make the National Investment and Infrastructure Fund (NIIF) more effective. He said that India is continuously attracting investment.

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